Morningstar Ends Muni Credit Analysis, Commentary

Investment research firm Morningstar said it will no longer provide municipal bond credit analysis or commentary.

"Unfortunately, we haven't had enough demand to continue providing this level of coverage," Morningstar said Wednesday in an email to journalists from Nadine Youssef, director of media relations. She declined to elaborate on the email.

Morningstar will continue daily web-based coverage of the municipal market with its Bond Detail Reports. The firm also plans to improve its fixed-income data and related capabilities, according to the email.

Jeff Westergaard will remain the head of fixed-income data and analytics.

The firm's existing muni credit research and commentary will be available in Morningstar products until June 30, and municipal data will continue to be available in Bond Detail Reports after that.

For reprint and licensing requests for this article, click here.
Buy side
MORE FROM BOND BUYER